HÀ NỘI — Dragon Capital recently said that it has further divested its holdings in FPT Retail, bringing the ownership below 9 per cent.

The transaction involved the sale of 306,000 shares of FPT Retail (FRT), reducing Dragon Capital's stake from approximately 9.09 per cent to 8.86 per cent.

This sale was executed in May through six distinct funds represented by Trương Ngọc Phượng.

Following the transaction, Dragon Capital’s total holdings in FPT Retail decreased from around 12.38 million shares to approximately 12.07 million shares.

Based on the closing price of FRT at VNĐ164,600 per share (US$6.33) on the transaction date, Dragon Capital is estimated to have realised about VNĐ50.4 billion from this divestment.

FPT Retail, a key player in Việt Nam’s digital retail sector, posted robust financial results in its first quarter’s consolidated earnings report.

The company achieved net revenue exceeding VNĐ11.67 trillion, up 29.1 per cent year-on-year.

After accounting for the cost of goods sold, the gross profit reached VNĐ2.32 trillion, an increase of 28.6 per cent.

FPT Retail also recorded nearly VNĐ37.9 billion in revenue from financial activities, marking a 49.8 per cent increase from last year.

However, the company also faced rising expenses, with financial costs increasing by 46.4 per cent to VNĐ88.7 billion.

Selling expenses rose by 15.1 per cent to VNĐ1.59 trillion, while administrative expenses grew from VNĐ302.5 billion to nearly VNĐ418.5 billion. 

After deducting taxes and other charges, the company reported a net profit of about VNĐ212.8 billion, a remarkable 3.5 times higher than the same period last year. — BIZHUB/VNS